Fewer people are moving as interest rates and rents rise | app

Most people move in the spring and summer, but many would-be movers stayed put in May and June amid higher interest rates and rising rents, according to the service’s change of address data. US postal.

Every state saw fewer people move in compared to the same period last year, but the declines were most pronounced in New York and Maryland, where the number of permanent moves fell 14% in May and June compared to the same months last year. Moves were down 13% in California and Louisiana.

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